Rhino Resources (RNO) Posts Q4 GAAP Loss of $2.07/Share

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Go back to Rhino Resources (RNO) Posts Q4 GAAP Loss of $2.07/Share

Rhino Resource Partners LP Announces Fourth Quarter 2014 Financial and Operating Results

March 5, 2015 7:00 AM EST

LEXINGTON, Ky., March 5, 2015 (GLOBE NEWSWIRE) -- Rhino Resource Partners LP (NYSE: RNO) ("Rhino" or the "Partnership") announced today its financial and operating results for the quarter ended December 31, 2014. For the quarter, the Partnership reported a net loss of $61.3 million and Adjusted EBITDA of $2.2 million, compared to net income of $0.8 million and Adjusted EBITDA of $16.1 million in the fourth quarter of 2013. Approximately $45.3 million of asset impairment and related charges impacted the net loss for the quarter ended December 31, 2014, as well as an additional $5.9 million impairment charge related to the Rhino Eastern joint venture investment.... More